Waiting for change at Myanmar’s central bank

Myanmar’s central bank governor Kyaw Kyaw Maung has long been seen as an impediment to reform. But come July, he will be out and a new chief will be in, heralding, it is to be hoped, a new era of change Being a bank in Myanmar isn’t easy, with lenders of all sizes facing insuperable […]

Myanmar parliament elects Win Myint as new president

YANGON — Myanmar’s parliament on Wednesday elected Win Myint, the former speaker of the lower house, as the country’s new president, a move that may signal a more substantive role for the head of state compared with his figurehead predecessor. The parliamentary appointment of Win Myint followed the resignation of President Htin Kyaw last week. […]

Myanmar needs urgent reforms as economy’s in the woods

MYANMAR’S economy is still in the woods: The Aung San Suu Kyi-led government has delayed a long-awaited reform to allow foreign companies to purchase stakes of up to 35 per cent in local companies as business confidence has plummeted drastically, while jungle-style “ceasefire capitalism” flourishes in insurgency affected areas. To top it all, there are […]

Myanmar’s Solar Lifeline

It is easy to forget how small changes can sometimes reap the most dramatic benefits. Take the humble fridge. What was once a marvel of technological prowess, has become standard fare. To many in the western world, that is. To those living off the beaten track, off the grid, up in the dusty red Burmese […]

Bago Locals Protest Against “Inept” Chief Minister

Bago locals, including members of the National League for Democracy (NLD), staged a protest on January 14 to get Bago Region Chief Minister Win Htein to resign. Around 200 participated in the protest that demanded the Chief Minister that had failed to deliver solutions to land grab issues, rising crime rates, lack of employment opportunities, […]

Rakhine’s Municipal Minister Under Fire

The Rakhine Parliament has decided that Rakhine State’s minister of municipality Min Aung should cease and desist from his administrative duties. On January 2, MPs voted 37 for and 8 against on the decision to bring the accusation against the minister forward to higher echelons of the central government, namely President Htin Kyaw. Min Aung, […]

Myanmar better off in good graces with the West

Two developments stood out in Myanmar’s international relations landscape in 2017: The increasing Chinese influence in the country and the immense diplomatic pressure from international community on the government’s handling of the Rakhine crisis. Analysts cautioned Myanmar against overdependence on China for its development and urged the country to mend ties with the West to […]

A Review of Education Sector in 2017

This year has been eventful for the education sector in Myanmar and here is a look at our pick of all major events. The most remarkable event of 2017 for the education sector took place on the first week of August, as seven inmates who passed the matriculation exams with distinction from Ohbo prison and […]

Finance Minister Admits Economy is Underperforming

NAYPYITAW — Planning and Finance Minister U Kyaw Win has admitted that Myanmar’s economy has not improved as well as expected, six months after he compared the country’s economy to a jet plane about to take off. “There are suggestions that the country’s economy has not picked up as we expected. Considering the current situation, we […]

Myanmar’s business confidence plummets as policy uncertainty bites: survey

YANGON (Reuters) – Business confidence among entrepreneurs in Myanmar dropped “drastically” this year due to unclear economic policy, a survey shows on Tuesday, amid growing frustration over leader Aung San Suu Kyi’s management of the fledgling economy. Suu Kyi has identified economic reform as a key goal to complete Myanmar’s democratic transition after decades of […]